Which One of the Following Adjustments Increases Net Income for the Period

question 46

Multiple Choice

Which one of the following adjustments increases net income for the period?

• A) Recognition of the amount of supplies used.
• B) Recognition of the revenue earned, but not yet received.
• C) Recognition of the wages earned, but not paid to employees.
• D) Recognition of rent costs that had been paid to the landlord in advance.

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Definitions:

Sensitive

Capable of detecting or responding to slight changes, signals, or influences.

Accepts Others

This refers to the ability or tendency of an individual to be open, accepting, and non-judgmental towards others' differences, opinions, behaviors, and backgrounds.

Correlation

A statistical measure that describes the extent to which two variables change together, but does not necessarily imply causation.

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Numerical measurements derived from standardized tests designed to assess human intelligence and cognitive abilities.